Connect with us

Blogs

The Improbable Hero of Crypto World: A Look at Dogecoin’s (DOGE) Future in the Market

Published

on

Dogecoin
READ LATER - DOWNLOAD THIS POST AS PDF

From the moment when cryptocurrencies first appeared led by Bitcoin (BTC), there have been many altcoins which wanted a part of the glory. An innumerable amount of them failed and was pushed aside while the lucky few managed to carve their way through the crypto market. However, among those strong and powerful cryptos, there is also one that came to be as a joke but still manages to survive in the harsh crypto-environment.

What is Dogecoin (DOGE)

Dogecoin (DOGE) is one of the many, many cryptocurrencies that came to be since the crypto fever began. It was created back in 2013 by Jackson Palmer, and it has seen its fair share of ups and downs.

The interesting thing about this crypto is that it first came out as a joke, a response to a Doge meme that was popular back then. Even so, it managed to do something that some professionally designed altcoins did not – it survived.

There are multiple reasons why this particular crypto managed to live as long as it has. For example, it is very practical. It can be accessed through micro-wallets and faucets, and transactions are very cheap, especially when compared to other cryptos like Bitcoin. Besides being cheap, transactions are also very fast.

Another thing that makes this crypto popular is the fun atmosphere that surrounds it. It is a good way to enter the crypto world, and very easy and cheap to mine. This is an obvious advantage over other cryptos which require a lot of resources and even entire mining pools for a single coin.

There are many other reasons why this coin is still alive, including popularity in the east, particularly in China, its close proximity to Litecoin and Bitcoin, as well as great stability and distribution. However, one of its biggest advantages includes a pretty big, still alive and interested community.

Dogecoin still has supporters

As mentioned previously, the coin was present on the crypto market since 2013. This has given it five long years to establish its community, and the coin’s fun nature has done just that. There have been speculations whether its popularity owes its success to the fact that the coin is stable and practical, or if its connection to the online culture is to be blamed.

Whatever it is, Doge has done quite well for itself in terms of its supporters and enthusiasts. It still has a large presence on social networks to this day, and that includes Reddit, Twitter, Bitcoin Talk Forum, and GitHub.

Dogecoin’s coin supply is uncapped, and the coin doesn’t have a real limit. Despite the fact that it is one of Litecoin’s forks, it has a few more parameters that are making it different from LTC. One example is also its block time, which is 2 minute for Doge, and 2.5 minutes for Litecoin (LTC).

Thanks to its inflationary nature, however, this coin might not be the best choice for investors, since there is no guarantee for a return on the investment. Another con when it comes to Dogecoin is that it has become somewhat directionless since its creator left the crypto world. No real work has been done on this coin in a while, and even though some see it as a good thing and a perfect opportunity to buy coins before the updates catch up with it, there is still no guarantee that it will ever be updated.

This crypto has a lot of potentials, that much is not being questioned. However, it would need a strong leadership and some serious work in order for it to become great again. If it could manage to secure that, it might recover from the October’s shakedown which damaged it a lot. Not only that, but it might also rise to become one of the most popular currencies on the market.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite